The Total Investment Of Xinye Textile Investment In The Construction Of High-Grade Textile Composite Nonwovens Is 120 Million Yuan.

Xinye textile (securities code: 002087) issued a notice that the ninth session of the board of directors of the twelfth meeting examined and adopted the "investment in the construction of high-grade textile composite nonwoven project" motion, all directors agreed to invest in the Xinye textile industrial agglomeration area to build high-grade textile composite nonwoven project. The total investment is 120 million yuan and the construction period is 6 months.

The announcement shows the basic situation of the investment project:

The basic situation of the project: this project is to invest in the construction of two high-grade spinning and weaving composite nonwovens production lines, adopting the advanced international technology of spinning and weaving composite nonwovens, developing and producing products of health, medical treatment, industrial protection and environmental protection. Spinning and weaving composite nonwovens are the most promising high-tech products in the textile industry. Fine denier spinning, high yield, low consumption and multifunctional composite technology are the trend of the development of international nonwoven technology, and have strong vitality and competitiveness. The total plant area of the project is 7200 square meters, and the existing factory buildings are built by enterprises. The total investment is 120 million yuan and the construction period is 6 months. After the completion of the project, it is expected to produce 25 thousand tons of high grade textile composite nonwoven fabric annually, with an annual sales revenue of 425 million yuan and a total profit of 31 million 900 thousand yuan.

The feasibility and necessity of project construction: nonwoven materials as a new type of high-tech basic materials, the current global demand has maintained a sustained high growth momentum. High grade nonwovens have become the trend of replacing traditional materials, and the demand for high quality nonwovens has increased dramatically. The market of spinning and weaving composite nonwovens has huge capacity and broad space for development. After the project is completed, it can improve the overall equipment level of the company, improve the product structure of the company, expand the proportion of high-end products, further enhance the market competitiveness of the company, realize transformation and upgrading, and open up more space.

The investment benefit evaluation index of the project: after the implementation of this project, the market prospect is good and the economic benefit is remarkable. It is expected to produce 25 thousand tons of medical, health and protective materials annually, with an average annual sales income of 425 million yuan and a total profit of 31 million 900 thousand yuan.

Project approval: the project has been approved by the Xinye development and Reform Commission code 2020-411329-17-03-005676.

The main raw materials used in the project are PP chips, masterbatch and oil additives. The raw materials need a wide range of sources, but the price fluctuation of raw materials will increase the difficulty of controlling the cost of production, and to a certain extent, affect the company's profit level.